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TRANSCRIPT
TECHNICAL OVERVIEW LAOS CONCESSION
Concession Potential Concession (100% CamCan owned)
Awarded Oct 7, 2013 – 7 year exploration term 11,974 sq km (~3 million acres) Very favourable Terms & Conditions
Multiple Prospects ~ 200 mm bbl. oil & 1.4 tcf gas (Hunt Oil) Proven active petroleum system in Laos basin
• Surface oil seeps & bitumen evidence to east & north-east• Bang Nouan 1 Discovery well
History• 1989-1998 Enterprise Oil (2,300 km 2D seismic) • 1990-1997 Laos Hunt Oil Company (1 well)• 2007-2010 Salamander Energy (350 km 2D + Discovery well)• ~1990 presence of many International Oil companies in
neighboring Thailand Historical Data
• ~ 2,600 km 2D seismic acquired• 2 Wells ~2,540m (8,334ft) & 3,390m (11,125ft )
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Infrastructure – Good roads over block & into Vietnam, Thailand & Cambodia (Vietnam ports~250km to east) Thailand – Nearby production
~90 million cuft/day SinPhuHorm gas field – 1983 Esso discovery. Hess operated. Located ~ 200 km west ~50 million cuft/day SinPhuHorm East - Well tested Sept 2013 by Salamander & partners)
CamCan Concession
SinPhuHorm Gas Fields
CamCan Concession Topography & Roads
Slide 3
Laos-Thailand Khorat Basin Discoveries & Well Tests
Laos & Thailand Legacy Concessions Circa 1992
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Existing Data – 2D Seismic Map
Past Concession Holders Enterprise Oil ~1989-1998
Salamander Energy ~2007-11
Enterprise Oil, 2D Seismic Acquired ~2,300 km (1992)
Vibroseis
Example of 4 lines• E91LA11-02 • E91LA11-02N• E91LA11-09• E92LA11-33
Salamander Energy, 2D Seismic Acquired ~350 km (2008)
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Enterprise & Salamander 2D Seismic
Enterprise 2D Seismic ~2,300km circa 1992-1993
Salamander 2D Seismic ~350km circa 2008
Savannakhet Concession Structural map
Slide 8
Structural Map & Hydrocarbon Potential
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Basin straddles Mekong Laos-Thailand border
Basin located at western edge of concession
Formation dip rises to north-east in same direction as tectonic forces, surface outcropping and hills/ mountains forming Laos-Vietnam border
Oil seeps & bitumen stained rocks outcropping up-dip and to east of concession
Savannakhet Basin Stratigraphy
Slide 10
2D Seismic lines NE-SW Structures
Enterprise Oil Line E92LA11-09
Enterprise Oil Line E92LA11-33
Slide 12
2D seismic Lines NW-SE Structures
Enterprise Oil Line E92LA11-02
Enterprise Oil Line E92LA11-02N
Structure Tested by Bang Nouan Well
Bang Noun & Non Chan Structures
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Khorat Basin X-Section – Exxon, Salamander, Hunt Wells
Slide 14
Bang Nouan Structure
Slide 15
Bang Nouan Structure – Line SS08-05
Slide 16
Bang Nouan Structure also present on Line E92LA11-02
Bang Nouan Well Lithology Prognosis
Slide 17
Bang Nouan Well Objectives Evaluate Primary target
- Pha Nok Khao Carbonate Evaluate Secondary target
- Khorat & Kuchinerai group sandstones
Secondary target to be drilled first hence logged and cased for further evaluation
Primary target expected to be fractured and hence potential for mud losses and over-pressure due to higher permeability
Bang Nuang 1 Mud-Gas Log
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Blue shading shows increased mud gas from drilled sand, mudstone, siltstone, shale inter-beds (1,000 to 2,900 m)
Bang Nouan Producing Analogy – Phu Horm (Thailand)
Slide 19
NON CHAN STRUCTURES
Large Non Chan Structures
Slide 21
Non Chan Structural Details
Slide 22
Non Chan Structure - Line E92LA11-33
Slide 23
Non Chan Structure - Line E91LA08-02
Slide 24
Non Chan Structure - Line E92LA08-18
Slide 25
Non Chan Producing Analogy – Nam Pong (Thailand)
Slide 26
Upside Potential – Multiple Structures
Slide 27
OTHERSTRATIGRAPHIC STRUCTURE
Seismic Line: Prospect 3
Example of stratigraphic type prospect evident on the concession
Producing Analogy 3
Producing example of stratigraphic type prospect